If a commission of 20% is given on the written price, the gain is 60%.
If a commission of 20% is given on the written price, the gain is 60%. What will be the percentage of gain if the commission is increased to 25%?
A0.5
B0.37
C0.62
D0.8
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Answer is : 0.5
Explanation:
Let the written price = Rs.100
commission = Rs.20
selling price = 100-20 = Rs.80
gain = 60%cost price =\(\frac{80\times100}{160}\)= Rs.50
if the commission is increased to 25%,
selling price = 100-25 = Rs.75
new gain =\(\frac{(75−50)\times100}{50}\)=50%= 0.5
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